Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | ARM Architecture | X86 Architecture | Power Architecture |
|---|---|---|---|
| 2018 | 79.6 USD Mn | 70.3 USD Mn | 28.8 USD Mn |
| 2019 | 85.9 USD Mn | 76.1 USD Mn | 30.6 USD Mn |
| 2020 | 84.1 USD Mn | 74.8 USD Mn | 29.4 USD Mn |
| 2021 | 83.3 USD Mn | 74.3 USD Mn | 28.7 USD Mn |
| 2022 | 84.8 USD Mn | 76 USD Mn | 28.7 USD Mn |
| 2023 | 88.8 USD Mn | 79.8 USD Mn | 29.5 USD Mn |
| 2024 | 95.5 USD Mn | 86.1 USD Mn | 31.1 USD Mn |
| 2025 | 105.5 USD Mn | 95.5 USD Mn | 33.7 USD Mn |
| 2026 | 119.6 USD Mn | 108.6 USD Mn | 37.5 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The Middle East & Africa System on Module market is expected to witness significant growth in the coming years, owing to the increasing demand for advanced and efficient modular systems in various industries. System on Module (SoM) refers to a small computing module that integrates all the essential components of a computer system into a single board. These modules are widely used in applications that require high performance, energy efficiency, and scalability. One of the key factors driving the market growth in the Middle East & Africa region is the rising adoption of IoT (Internet of Things) devices. With the proliferation of connected devices and the need for efficient data processing and storage, there is a growing demand for sophisticated SoM solutions. These modules are also being increasingly used in automotive, medical, aerospace, and defense industries to enhance productivity, reduce costs, and improve overall performance. Moreover, the emergence of Industry 4.0 is also contributing to the growth of the SoM market in the Middle East & Africa region. Industry 4.0 refers to the integration of advanced technologies such as artificial intelligence, automation, and IoT in the manufacturing sector.
This has created a high demand for advanced SoM solutions to enable seamless communication, data analysis, and process optimization in factories and plants. In terms of type, the market can be segmented into ARM architecture and x86 architecture. The ARM architecture segment is expected to witness significant growth during the forecast period, owing to its widespread use in embedded systems, consumer electronics, and mobile devices. ARM-based SoM offers lower power consumption, compact size, and cost-effectiveness, making it ideal for a range of applications. The Middle East & Africa region is also witnessing a surge in demand for customized SoM solutions to meet the specific needs of various industries. This trend is driven by the increasing demand for high performance and reliability in critical applications such as medical devices and military equipment. Market players are focusing on developing innovative and customizable SoM solutions to cater to this demand, further driving the market growth in the region. In conclusion, the Middle East & Africa System on Module market is poised for significant growth in the coming years, thanks to the rising adoption of IoT devices and Industry 4.0, along with the demand for customized solutions.
With advancements in technology and increasing awareness about the benefits of SoM, the region is expected to witness a surge in investments and partnerships in the domain, which will drive further market growth.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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